Compound fertilizer demand is weak, prices are stable

The compound fertilizer market is basically at a standstill at present. India is still a bright spot when global demand for compound fertilizers is tepid.

RCF received a bid of 50,000-ton 20-20-0 + 13S from Amber Fertilisers, Quantum, Merrycorn and Transglobe, which will be closed on Monday, but price information has not been announced.

India ’s demand has been the driving force of the market for most time of this year.Tje date of imports in April increased by nearly 12%. It shows imports from January to July showed a year-on-year increase of at least 5%. The main reason of increasing is the high increasing demand of 20-20-0 + 13. From January to July this year, the import of this specification imports will reach 262,000 tons at leaset, compared with 86,000 tons in the same period last year.

The demand outlook emerges in Africa

The specific details of some controversial bidding projects in Africa have not been announced, which may boost demand. It is said that it will supply to West Africa countries such as Guinea, Senegal and Zambia.

Dry weather limits tje demand in European

The Rainfall in Ukraine and Romania is expected to be below than the average level in the next two weeks, the drought conditions have restricted the application of N, P, and K fertilizers.